Collaborated with Awa Bank to provide "Awagin accounts receivable Guarantee Service by GMO"
~Supporting safe business-to-business transactions by reducing the risk of uncollected~
March 1, 2023
GMO Payment Gateway, Inc.
Develop comprehensive payment-related services and finance-related services within the GMO Internet Group GMO Payment Gateway, Inc. (TSE Prime: Securities Code: 3769, President & Chief Executive Officer:Issei Ainoura GMO-PG) In collaboration with The Awa Bank,Ltd. (representative Director & President: Susumu Nagaoka, hereinafter referred to as "Awa Bank"), from Wednesday, March 1, 2023, We provide "Awagin accounts receivable Guarantee Service by GMO" to Awa Bank's business partners.
"Awagin accounts receivable Guarantee Service by GMO" provides accounts receivable to seller companies in BtoB transactions. GMO-accounts receivable PG's This is a service based on GMO B2B AR Guarantee" for Awa Bank's business partners (*).
- A guarantee fee will be charged for using the Awagin accounts receivable Warranty Service by GMO. The amount of the guarantee will be determined by GMO-PG after a prescribed examination. It may not be available depending on the screening results.
GMO-PG provides finance-related services that financially support business-to-business transactions with the aim of providing multifaceted support for BtoB businesses in improving operational efficiency and implementing growth measures. Furthermore, in order to support more BtoB businesses, we are actively supporting the expansion of financing services that financial institution develops for business partners.
GMO-PG has collaborated with Awa Bank to create "Awagin GMO B2B AR Guarantee based "Awagin accounts receivable for Awa Bank's business partners. Warranty Service by GMO". As a result, BtoB businesses that do business with Awa Bank will be able to reduce the risk of uncollected accounts receivable.
In Tokushima Prefecture, where creative efforts in regional revitalization and attracting companies are attracting attention, Awa Bank is investing in innovative businesses and promoting open innovation between existing companies and startups. We are developing new initiatives.
GMO-PG will continue to drive innovation in local communities and society through the provision of solutions and FinTech services for financial institution and BtoB businesses.
[About "GMO B2B AR Guarantee"](URL: https://www.gmo-pg.com/service/urikake/)
"GMO B2B AR Guarantee" is a service for sellers in BtoB transactions accounts receivable In the event of non-collection, GMO-PG will guarantee the accounts receivable by paying a guarantee fulfillment fee.
Sellers can reduce the time and effort required for credit management operations such as advance payment negotiations and dunning operations, and also reduce the risk of uncollected business partners due to bankruptcy or payment delays, thereby expanding the number of new business partners.
Although the consent of the business partner (buyer) is not required for use, the guarantee amount is determined after the examination prescribed by GMO-PG, and a guarantee fee will be charged according to the amount.
【GMO Payment Gateway】
We provide payment-based services that support online, cashless, DX, etc. The annual Transaction value exceeds 12 trillion yen, and online comprehensive payment services are EC operators, NHK, It has been introduced to more than 100,000 merchants, including National Tax Agency public entity.
As a leading company in the payment industry, we provide comprehensive online payment services, face-to-face payment services, and buy now pay later ・BNPL (Buy Now Pay Later), BaaS Support to financial institution and operating companies, strategic investment and financing of cutting-edge FinTech companies overseas, etc. We will drive social innovation with payment and finance technologies and contribute to the realization of a sustainable society and the progress and development of society. (Consolidated figures as of the end of December 2022)
GMO Payment Gateway, Inc.
Corporate Value Creation Strategy Division Public Relations/UX Design Department
GMO Internet Group, Inc.
Group Communication Department Public Relations Officer Niino
[Contact for inquiries regarding services]
GMO Payment Gateway, Inc.
Innovation Partners Division
Innovation Strategy Department Business-to-business payment Gr
[GMO Payment Gateway, Inc.] (URL: https://www.gmo-pg.com/)
|Corporate Name||GMO Payment Gateway, Inc. (TSE Prime Securities Code: 3769)|
|Location||1-2-3 Dogenzaka, Shibuya-ku, Tokyo Shibuya Fukuras|
|Representative||President & Chief Executive Officer Issei Ainoura|
|Business Description||■ Comprehensive payment related services and finance related services|
|Capital||13,323 million yen|
【GMO Internet Group Inc.】 （URL: https://www.gmo.jp/）
|Corporate Name||GMO Internet Group, Inc. (TSE Prime Securities Code:9449)|
|Location||Cerulean Tower 26-1, Sakuragaoka-cho, Shibuya-ku, Tokyo|
|Representative||Representative Director and Group Representative Masatoshi Kumagai|
|Business Description||■ Internet infrastructure business
■ Internet advertising / media business
■ Internet finance business
■ Cryptographic assets business
|Capital||5 billion yen|